It's time to enroll for your 2020 benefits. The university's Annual Enrollment period is Oct. 16 through Nov. 1. You're encouraged to take the time to review your current coverage and take advantage of the enrollment resources available to help you make smart benefits choices for the coming year.
By now, you have probably heard about the changes and enhancements for 2020. Here is a quick summary of everything you need to know before you enroll:
A new medical plan offering is being added to the current lineup. It's a high-deductible health plan (HDHP) teamed with a tax-advantaged health savings account (HSA). All other medical options will continue to be available.
In line with previous years, there will be modest increases to your medical plan premiums for 2020.
Discovery Benefits will replace WageWorks as the administrator for the health care and dependent care flexible spending accounts (FSAs), as well as for commuter benefits, effective Jan. 1, 2020. Discovery Benefits will provide enhanced resources, tools, and payment options for added convenience. Commuter contributions will now be managed through the benefits enrollment site.
A new limited purpose FSA will be available to those who elect the HDHP medical option. This account can be used only for eligible dental and vision expenses.
The health care FSA maximum employee contribution will increase for 2020 (contribution limit to be announced soon). As a reminder, you must re-enroll in the health care FSA and the dependent care FSA each year. Everyone enrolled will receive a new Discovery Benefits debit card for 2020.
As announced last year, the United ConcordiaPLUS Dental HMO will be eliminated for 2020. If you are currently enrolled in this plan and do not actively enroll in a new one for 2020, you will automatically be covered under the Delta Dental Standard Plan (without orthodontia coverage). Note: There will be modest increases to dental plan premiums for 2020.
While your voluntary benefits have not changed, the enrollment process has been simplified. If you wish to elect legal, critical illness, and/or accident insurance, you can make your choices via the Benefits & Worklife myChoices enrollment site. For homeowners and auto insurance, you'll continue to enroll via jhuvoluntarybenefits.com.
Finally, a new, interactive decision support tool called ALEX can help you choose the medical and dental plan that is right for you. (For more on ALEX, click here.)
As you go through your benefits elections for 2020, you're invited to click the United Way link on the enrollment site to elect your annual pledge. This yearly campaign, in longstanding partnership with the United Way of Central Maryland, raises donations for nonprofit organizations working to improve the well-being of the university's neighbors.
Many of your other benefits offerings, including Delta Dental, EyeMed Vision, Securian life and AD&D insurance, and the Hartford disability options, will be unchanged for 2020.
You are encouraged to learn all you can about all your health plan options so you can make an informed decision and optimize your university benefits.